Ricardo López Murphy: "These measures do not solve the problem, they are purely cosmetic"

Ricardo López Murphy harshly criticized the price agreement that this week ad the government, which he considered a "cosmetic" measure and that "does not work" in any country in the world. However, the former Minister of Defense and Economy predicted that as of Monday "A significant decline in the interest rate", which would give "a little summer" to economic activity.

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"These measures are purely cosmetic. The real test of the program is country risk, the variable that dominates our macroeconomy. This news reflects the problem of credibility that the government has and has not given any answer on this subject. You must explain why the budget does not go according to the calculation. In particular, why export deductions do not collect what has been calculated. This should have been central to the explanation, "said the chain economist. A24.

"I do not like these types of measuresI think the government should have explained the problems and not have a price agreement for the cuts of meat. This is not the way to solve problems. If economic policy is to be put in place in the focus groups, we are lost. Controlling prices is not the solution, it does not work in any country in the world, "he said.

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Lopez Murphy said: "I suppose there is a very strong demand for inflation in society and that the government has responded by proposing a set of measures that do not solve the problem, but it seems that They treat him as a doctor and instead of healing gives a few weeds so that the patient is entertained.

Finally, he stressed: "The only measure that matters is that of the Central Bank, which sets the exchange rate.The exchange rate was not set at the beginning of the government, because to resolve it, it requires reservations. If the exchange rate is fixed, the price of the dollar drops a lot, because the future price is already capped, or the interest rate drops. "And he concluded:" As early as Monday, I think that this should accompany a significant drop in the interest rate, which will give a summer to the economic activity. But I have the feeling that in the rest of the world, they do not see a good eye this small veranito of election. "

A.B./F.F.